Driven Brands CFO has shares withheld for tax payment

Driven Brands Holdings Inc. reported that EVP & Chief Financial Officer Michael Fisher Diamond had 17,285 shares of common stock withheld on 2026-08-07 to cover tax obligations arising from the vesting of restricted stock units granted on 2024-08-07.

Accepted by SEC EDGAR 08/10/2026 - 04:11 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Driven Brands Holdings Inc. reported that EVP & Chief Financial Officer Michael Fisher Diamond had 17,285 shares of common stock withheld on 2026-08-07 to cover tax obligations arising from the vesting of restricted stock units granted on 2024-08-07. These shares were withheld by the issuer under a restricted stock award agreement, leaving him with 214,676 shares held directly.

Insider Trade Summary

Tax Withholding: 17,285 shares

Tax Withholding 1 txn

Insider Diamond Michael Fisher

Role EVP & Chief Financial Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock F1	17,285	$13.33	$230K

Holdings After Transaction: Common Stock — 214,676 shares (Direct)

Footnotes (1)

1. F1. Represents the automatic withholding by the issuer to satisfy the reporting person's tax obligation associated with the vesting of restricted stock units granted on August 7, 2024. This is authorized in the applicable restricted stock award agreement.

Key Figures

Shares withheld for taxes: 17,285 shares Per-share value for withholding: $13.33 per share Shares held after transaction: 214,676 shares +2 more

5 metrics

Shares withheld for taxes 17,285 shares Common stock automatically withheld on 2026-08-07 to satisfy tax obligation

Per-share value for withholding $13.33 per share Value applied to 17,285 withheld shares for tax-liability transaction

Shares held after transaction 214,676 shares Total Driven Brands common shares directly held by CFO after withholding

RSU grant date 2024-08-07 Grant date of restricted stock units whose vesting caused tax obligation

Transaction date 2026-08-07 Date of automatic withholding transaction reported on Form 4

Key Terms

restricted stock units, automatic withholding, restricted stock award agreement

3 terms

restricted stock units financial

"tax obligation associated with the vesting of restricted stock units granted on August 7, 2024"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

automatic withholding financial

"Represents the automatic withholding by the issuer to satisfy the reporting person's tax obligation"

restricted stock award agreement financial

"This is authorized in the applicable restricted stock award agreement"

A restricted stock award agreement is a legal contract that grants someone company shares that are subject to limits — for example, they may only become fully owned after working at the company for a set time, meeting performance goals, or otherwise satisfying conditions. For investors, these agreements matter because they shape insider incentives, future share dilution when restrictions lift, and company compensation costs; think of it like a gift locked in a box that opens only after certain conditions are met.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Driven Brands (DRVN) disclose for Michael Fisher Diamond?

Driven Brands disclosed that CFO Michael Fisher Diamond had 17,285 common shares automatically withheld on 2026-08-07 to satisfy tax obligations from vested restricted stock units, leaving him with 214,676 shares held directly after the transaction.

Was the Driven Brands (DRVN) Form 4 transaction a market sale by the CFO?

No, the Form 4 shows an automatic withholding of 17,285 shares by Driven Brands to pay the CFO’s tax liability from restricted stock unit vesting, rather than an open-market sale initiated for discretionary portfolio reasons.

What price was used for the withheld Driven Brands (DRVN) shares?

The shares withheld to satisfy taxes were valued at $13.33 per share. This per-share value is reported for the 17,285 common shares used to cover Michael Fisher Diamond’s tax obligation tied to restricted stock unit vesting.

How many Driven Brands (DRVN) shares does the CFO hold after this Form 4 event?

After the tax-withholding transaction, EVP & CFO Michael Fisher Diamond directly holds 214,676 shares of Driven Brands common stock, as reported as the total shares following the transaction on the Form 4 filing dated 2026-08-07.

What triggered the tax withholding transaction reported by Driven Brands (DRVN)?

The transaction was triggered by the vesting of restricted stock units granted on 2024-08-07. Driven Brands automatically withheld 17,285 shares to satisfy Michael Fisher Diamond’s associated tax obligation under his restricted stock award agreement.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Diamond Michael Fisher

(Last) (First) (Middle)

440 SOUTH CHURCH STREET, SUITE 700

SUITE 700

(Street)

CHARLOTTE NORTH CAROLINA 28202

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Driven Brands Holdings Inc. [ DRVN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/07/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/07/2026		F(1)		17,285	D	$13.33	214,676	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents the automatic withholding by the issuer to satisfy the reporting person's tax obligation associated with the vesting of restricted stock units granted on August 7, 2024. This is authorized in the applicable restricted stock award agreement.

Remarks:

	/s/ Scott O'Melia, Attorney-In-Fact	08/10/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)